Ripple (XRP) has been suffering series of hindrances from regulatory body (The US SEC) since late last year. The attack led to a litigation in a US court leading to panic sales of XRP from majority of their investors. The litigation in the US saw the co-founder of XRP who happens to be the CEO of Stellar XLM sold his XRP. This created more fear among the investors before XRP started to gain the market loss back in January.
Another report came out a week ago that the UK treasury has classified XRP as non-security asset and this is different from the law suit by the US SEC filed against XRP.
Will this mean the XRP might be back to it's position in the Cryptocurrency community soon?
Things around Ripple are getting much deeper.
In the last few months, almost all major US exchanges, such as Coinbase and Binance US, have stopped trading or delisted XRP.
Kraken - also stopped XRP trading in mid-January.
Still, the token is still available on many major exchanges outside the United States.
I see the US exchanges delisting XRP is understandable. They are all operating in the US and the US citizens and residents will still be accessing the token XRP if they do not delist it. And also, their non-delisting of the token can attract a sanction for them as they can be penalised for enhancing sales if unauthorised stock to the US resident or citizens.